ASGN's ECS Brand Named A Prime Contractor On NIH Blanket Purchase Agreement; NIAID Expects To Spend $1.1B Via Contract Vehicle Over Next Five Years
Portfolio Pulse from Benzinga Newsdesk
ASGN's ECS brand has been named a prime contractor on a National Institutes of Health (NIH) Blanket Purchase Agreement. The National Institute of Allergy and Infectious Diseases (NIAID) plans to spend $1.1 billion through this contract over the next five years.
August 27, 2024 | 11:09 am
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ASGN's ECS brand has been awarded a prime contractor position on a significant NIH agreement, with NIAID planning to allocate $1.1 billion over five years. This could enhance ASGN's revenue and market position.
The award of a prime contractor position on a $1.1 billion NIH agreement is a significant win for ASGN's ECS brand. This contract is likely to boost ASGN's revenue and strengthen its market position, leading to a positive short-term impact on its stock price.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90